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Do we need deep sea mining for the energy transition?
The briefing examines the role of deep sea mining in providing minerals like cobalt, nickel, copper, and manganese for clean energy technologies. It concludes that deep sea mining is unlikely to solve immediate supply crunches because the necessary technology for commercial extraction and processing is not yet available, and the steepest growth in mineral demand is expected before 2035. The document highlights significant environmental risks, regulatory uncertainty surrounding the International Seabed Authority (ISA), and the potential for alternatives such as sustainable land mining, recycling, and material substitution to meet demand.
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Document type: Briefing
La moda paralizada por los plásticos
The report finds that global fashion brands are increasing their dependence on synthetic fibres to sustain the 'fast fashion' business model while using 'distraction and delay' tactics to avoid meaningful action on microplastic pollution. Despite scientific evidence linking microplastics to severe health risks, most brands lack transparency, with 54% of surveyed companies failing to respond fully to the inquiry. The study highlights that recycled polyester from plastic bottles is an ineffective solution that does not address microplastic leakage. Furthermore, the industry shows minimal support for binding legislation, such as the EU's textile strategies, preferring weak voluntary initiatives.
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Document type: Executive summary
THE ROAD TO NET ZERO ELECTRICITY IN SASKATCHEWAN
The analysis finds that complying with revised Clean Electricity Regulations (CER) is technically achievable for SaskPower without jeopardizing grid reliability. While the Saskatchewan government previously claimed rates would double by 2035, this modelling indicates that residential electricity rates would only increase by 6–9% relative to a baseline scenario. The CER would significantly reduce cumulative greenhouse gas emissions between 2025 and 2050 by accelerating the adoption of carbon capture and storage and increasing imports of clean electricity from Manitoba.
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Document type: Research paper
Shipping Forecasts: September 2024
Carbon Market Watch (CMW) evaluated four market-based measure (MBM) proposals for the IMO's GHG strategy. The 'Pacifics' proposal (Belize et al.) was ranked highest (82/100) due to its high levy of $150/tCO2e and strong support for climate-vulnerable nations. The EU/Japan proposal scored 62/100, while the Bahamas et al. and Canada proposals both received a 'C' grade (49/100 and 46/100 respectively) for lacking specificity in funding and contribution levels. A proposal by Angola et al. was excluded from the scoring as it was deemed a technical fuel standard rather than a market-based economic measure.
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Document type: Policy brief
Forest Declaration Assessment
The report examines a variety of innovative forest finance instruments, including bonds, forest funds, debt reduction mechanisms, market-based tools, and community-led funds. It highlights the systemic gap between 'gray' finance (funding for deforestation-driving activities) and 'green' finance, arguing that current public funding is insufficient. The document provides case studies from countries such as Brazil, Colombia, Indonesia, and Costa Rica to illustrate the practical application of these tools and proposes six principles to maximize the impact of forest finance by 2030.
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Document type: Report
GROWTH, EQUITY, AND A JUST TRANSITION IN THE BEEF SECTOR IN SOUTH AFRICA
The document examines the tensions between the industrial growth strategy of South Africa's beef sector and the goals of a just transition. It highlights a 'dualistic' industry where commercial production is highly concentrated and intensive, while smallholder farmers face significant barriers to market entry. The report argues that current efforts to integrate smallholders into commercial value chains may benefit only a small elite and fail to address broader agrarian inequalities. Ecologically, it notes that beef cattle are the largest source of agricultural GHG emissions in South Africa, primarily through enteric fermentation. While the industry promotes 'sustainable intensification' and regenerative grazing, the report cautions that these may not offset total emissions growth and may not address the socio-economic distribution of emissions. It concludes that a just transition requires setting ambitious emission limits, redistributing productive resources like land, and reconfiguring labour markets to improve conditions for farm workers.
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Document type: Briefing
Global Dialogue on Border Carbon Adjustments
The report examines border carbon adjustments (BCAs) as a tool to prevent carbon leakage, synthesizing views from stakeholders in five countries. It analyzes the risks of carbon leakage—specifically in Canada's heavy industry—and evaluates the design of the EU and UK CBAMs. Key discussions include the challenges of product-level emissions measurement, the need for revenue to support decarbonization in developing nations, and the potential for domestic carbon pricing as a strategic response to foreign BCAs.
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Document type: Report
Assessment of Fossil Fuel Subsidies in Canada
The report finds that the Government of Canada is providing an inefficient fossil fuel subsidy to the oil industry by charging transportation tolls on the Trans Mountain Pipeline (TMP) that are significantly below marketplace costs. Using three different valuation methods, the report estimates the total subsidy to be between CAD 8.7 billion and CAD 18.8 billion, which translates to a cost of CAD 581 to CAD 1,255 per Canadian household. The analysis concludes that the project fails all criteria for an 'efficient' subsidy and that the overall cost-benefit analysis shows a net cost to Canada of CAD 23.1 billion. To phase out this subsidy, the author recommends either raising tolls to economic levels or implementing a cost-recovery levy of CAD 1.00 to CAD 2.00 per barrel on Western Canadian oil shipments.
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Document type: Report
¿Qué significa cumplir con las metas globales de triplicar renovables y duplicar eficiencia energética en América Latina?
The document uses EnergyScope modeling to evaluate how four Latin American countries can align with COP 28 global energy targets. It concludes that a literal tripling of capacity is not necessary for all countries to meet projected demand and that combining renewable expansion with doubled energy efficiency can reduce the required installed capacity.
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Document type: Policy brief
Protecting Government Science from Political Interference
The Union of Concerned Scientists (UCS) evaluated 38 federal agencies on their adherence to scientific integrity metrics, finding that 71% scored 'poor' or 'worst'. The report argues that political interference in science disproportionately harms underserved communities and proposes a blueprint for the next presidential administration to strengthen scientific integrity through better policy enforcement, transparency, and the integration of environmental justice principles.
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Document type: Report
Forging a Sustainable Future: Brazil’s Opportunity to Lead Steel Decarbonization
Brazil is positioned as a potential global leader in green steel due to high-quality iron ore and vast renewable energy resources, though its industry remains heavily reliant on coal-based blast furnaces. While the country leads in biochar use, a full transition requires shifting to electric arc furnaces (EAF) and green hydrogen-based direct reduced iron (DRI). The report emphasizes that strategic policy and the upcoming COP30 summit are critical to overcoming the longevity of existing coal-based infrastructure and the high capital costs of new technologies.
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Document type: Report
Challenges and opportunities for upgrading the avocado value chain in East Africa
The report assesses the avocado value chain in East Africa, emphasizing the transition toward sustainable practices to support economic growth and rural development. It identifies that sustainability can protect the environment, improve smallholder farmer livelihoods, and facilitate entry into global markets. To overcome barriers to this transition, the document suggests increasing access to affordable finance, providing training in climate-smart farming, and creating market-focused policies.
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Document type: Report
Drivers to Coal Phase-Down in India: Part 1 - Battery Cost Declines
The report analyzes the relationship between battery cost declines and the feasibility of phasing down coal in India. It identifies three stages of coal phase-down: slowing growth, plateauing, and absolute decline. Using a least-cost optimized (LCO) model, it finds that while solar can meet up to 83% of daytime demand by 2032, storage is the primary bottleneck for non-solar hours. To limit coal capacity additions to the National Electricity Plan (NEP) levels of 260 GW, BESS costs must decline by 15% annually. If costs fall by 7% annually, coal generation may plateau, but new capacity will still be needed. The report emphasizes that BESS costs must drop to approximately Rs 6 million/MWh (a >50% reduction from current levels) to potentially eliminate the need for new coal additions.
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Document type: Report
Decarbonizing U.S. transportation: Progress and opportunities
The U.S. transportation sector, responsible for nearly one third of national greenhouse gas emissions, is undergoing decarbonization through a combination of federal strategies, such as the U.S. National Blueprint for Transportation Decarbonization, and significant funding from the IIJA and Inflation Reduction Act. While progress is evident in the buildout of EV and hydrogen corridors and the growth of clean energy manufacturing jobs, the document argues that the U.S. is not yet on track to meet its goal of cutting all transportation greenhouse gas emissions by 2050. Regional efforts are concentrated in the West Coast (hydrogen and EV corridors), Midwest (battery manufacturing and freight networks), Gulf Coast (low-emissions shipping and hydrogen trucking), and East Coast (EV manufacturing and I-95 freight corridors). To accelerate progress, the document recommends a federal clean fuel standard, improved inter-agency coordination, and stronger community engagement.
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Document type: Briefing
La Ley de Reducción de la Inflación cumple 2 años y es más popular de lo que crees
The Inflation Reduction Act (IRA) has driven significant clean energy investment and job growth in the US, particularly in Republican-led areas, despite political efforts to repeal it and general public unfamiliarity with the law's specific provisions.
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Document type: Briefing
Bring in the Billions
The report emphasizes that US states are currently underutilizing federal clean energy incentives, particularly tax credits, and suggests that states adopt administrative programs, demand-pull policies, and stacking analyses to capture this investment potential. It notes that while residential tax credit usage is higher than predicted, most states are not on track to reach their full investment potential by 2030. The analysis, which covers the lower 48 US states, utilizes updated data from the JCT and CBO to estimate sector-specific funding opportunities.
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Document type: Report
UK’s climate future: Progress needed across sectors as 2030 targets loom
The UK has met previous emissions targets primarily through the energy supply sector, but currently lacks credible plans for two-thirds of the reductions needed to reach its 2030 target of a 68% reduction compared to 1990 levels. To address this, the Climate Change Committee (CCC) emphasizes that over 75% of future reductions must come from non-energy sectors, specifically transport, buildings, agriculture, and land. Key recommendations include accelerating the scale-up of methane-suppressing feed, deploying 5 MtCO2 of engineered greenhouse gas removals annually by 2030, and prioritizing low-carbon hydrogen for industrial use-cases like steel and ammonia production rather than home heating. In aviation, while a SAF mandate is planned for 2025 to reach a 10% target by 2030, the brief warns against overreliance on SAF due to feedstock constraints and suggests exploring e-fuels and hydrogen. Nuclear energy is identified as a long-term necessity, requiring a shift toward standardised products to reduce costs.
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Document type: Policy brief
Global Dialogue on Border Carbon Adjustments
The report examines the role of border carbon adjustments (BCAs) in preventing carbon leakage, focusing on stakeholder views from five diverse economies. It analyzes the design of existing mechanisms like the EU and UK CBAMs, explores alternatives to BCAs such as output-based allocation and green industrial policy, and details the challenges faced by exporting nations, including emissions measurement complexities and the need for technology transfers.
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Document type: Report
ESTADO DEL MERCADO DE DEUDA SOSTENIBLE DE MÉXICO 2023
Mexico's sustainable debt market (VSS+) reached a cumulative volume of $55.7 billion by the end of 2023, with $38.3 billion aligned with Climate Bonds methodology. The market is dominated by sustainable bonds (72% of aligned volume) and heavily driven by the public sector, including sovereign emissions and development banks like Banobras. While Mexico led the world in sustainable bond issuance in 2023, challenges remain in the alignment of sustainability-linked bonds (SLBs) due to a lack of greenhouse gas (GHG) targets. The report highlights the 2023 launch of the Sustainable Taxonomy of Mexico as a key tool for guiding future investments in sectors such as renewable energy, sustainable construction, and agriculture.
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Document type: Report
Managing Currency Risk to Catalyze Climate Finance
The report identifies currency risk—specifically the mismatch between local currency revenues and hard currency debt—as a primary barrier to climate investment in EMDEs. It argues that while long-term solutions require macroeconomic reform and deeper local capital markets, immediate needs must be met through innovative hedging mechanisms. The document analyzes five specific models: a TCX donor-funded guarantee, Eco Invest Brasil, the Delta onshore DFI platform, FSD Africa's MDB portfolio transfer, and a CPI FX Hedging Facility for India. It concludes that concessional capital is essential in the short term to make these tools affordable and to catalyze private investment.
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Document type: Report